South Korean industrial lending rises by $12.14b in Q3 2024

Lending for working capital rose by $2.16b (KRW 3.1t).

South Korean depository corporations increased industrial lending by $12.14b (KRW 17.4t) in the third quarter, according to data released by the Bank of Korea.

Lending for working capital rose by $2.16b (KRW 3.1t), whilst loans for facilities investment expanded by $9.97 b (KRW 14.3t).

Depository banks were the primary drivers of this increase, with loans growing by $13.67b (KRW 19.6t). In contrast, non-bank depository institutions saw their lending decrease by $1.6b (KRW 2.3t).

By sector, lending to the manufacturing industry saw the highest growth, increasing by $6.14b (KRW 8.8t) quarter-on-quarter. The services sector followed with a rise of $5.23b (KRW 7.5t), and the agriculture, forestry, and fishing sector grew by $1.32b (KRW1.9t).

$1 = KRW1,432